Grant Thornton Acquires M&A Diligence Firm in Latest PE Deal

Grant Thornton Advisors announced Tuesday it will acquire Stax, a strategy consulting firm specializing in commercial due diligence, value creation, and exit-planning services for private equity firms, marking the firm’s latest PE-backed acquisition.

Stax, headquartered in Boston, provides buy- and sell-side diligence and planning for merger and acquisition activities and employs about 300 people who will join Grant Thornton when the deal closes, according to a press release. The combined firms will service about 70% of US members of the Private Equity International 300, a global index of the largest PE ventures.

The transaction, expected to close later this ...